Kellys Krisps is preparing a cash budget for March and April 2016. Of the budgeted...
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Accounting
Kellys Krisps is preparing a cash budget for March and April 2016. Of the budgeted monthly sales, 70% are on credit. Of the credit sales, 60% are collected in the month of the sale, 30% are collected in the month following the sale and 5% are collected in the second month following the sale. 5% are never collected and are written off. Below are the budgeted sales for the months of January, February, March and April. January $ 115,000 February 162,000 March 139,000 April 125,000
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